Hierarchy
EA-FIN (Software Component) EA-FIN⤷
RE-FX (Application Component) Flexible Real Estate Management⤷
RE_CA_CU (Package) RE: Customizing (IMG) and Area Menu
IMG Activity
| ID | REFXVC_TIVTMRNRULE | Renewal Rules |
| Transaction Code | S_ALN_01001038 | (empty) |
| Created on | 20020208 | |
| Customizing Attributes | REFXVC_TIVTMRNRULE | Renewal Rules |
| Customizing Activity | REFXVC_TIVTMRNRULE | Renewal Rules |
Document
| Document Class | SIMG | Hypertext: Object Class - Class to which a document belongs. |
| Document Name | REFXVC_TIVTMRNRULE |
Use
In this step, you specify the rules for renewal of real estate contracts. There are two types of contracts in this respect:
- Without fixed term (no renewals, since there is no defined contract end)
- With fixed term (renewal rules used)
There are two variants of renewal rules:
a) Renewal
Renewals define how the contract term is extended after the contract end is reached, for example, by one year. In contrast to options, renewals always take effect automatically. If a renewal should not take effect, then it has to be rejected in writing by either the contractee (such as the tenant) or contractor (such as the landlord).
b) Option
The contractee has the option to extend the contract while retaining the current conditions. Options have to be accepted by the contractee in writing ("express statement") before they take effect. When there is more than one option, each one has to be accepted in writing individually. The acceptance of the option results in the extension of the contract term. If the date for the acceptance passes without this express statement being made in writing, then all subsequent options for the contract are also invalid.
You can define both variants of renewal rules on one contract, for example two options and a renewal. In such cases, the options always take precedence over the renewal.
Requirements
Standard settings
Activities
If you want to define new renewal rules, choose New Entries. Enter an internal number and a name for the renewal rule. When you create a renewal, you can choose from three different types of automatic renewal rules in the Aut.Renew.Type (automatic renewal type) field:
- One or More Repetitions (for example, extension of 3 years with a 6 month period for submitting rejection)
- Repetition of Last Rule (for example, the contract is extended repeatedly by 1 year, with a 6 month period for submitting rejection)
- Unlimited after This Point (after the contract end date or the acceptance of prior options and renewals, the contract changes over to an unlimited term, and notice can be given within the legally defined notice period at the end of the year)
You can also enter a long text description of each rule by choosing the @0Q@ Editor. This text can then be called in the application.
Save.
Select one of the rules, double click on Extension Periods in the dialog structure, and choose New Entries. In this table you can define one or more extension periods for renewal rules.
Number = Number of options or renewals (for example, 2 options with 1 year term means that the contract can be extended twice by one year)
RnwYrs, RnwMos, RnwDys = Number of years/months/days in the extension period
Rounding = For the contract end, you can round to the first or last day of the month. If you leave this field blank, then the system uses the actual date of the contract end (for example, 15th of the month).
NtfY, NtfM, NtfW, NtfD = Date (years/months/weeks/days) notice has to be given (for example, 6 months before end of contract)
Choose @38@ Check to have the system check if the extension periods are valid with the automatic renewal rule.
Example
Business Attributes
| ASAP Roadmap ID | 203 | Establish Master Data |
| Mandatory / Optional | 1 | Mandatory activity |
| Critical / Non-Critical | 1 | Critical |
| Country-Dependency | A | Valid for all countries |
Assigned Application Components
| Documentation Object Class | Documentation Object Name | Current line number | Application Component | Application Component Name |
|---|---|---|---|---|
| SIMG | REFXVC_TIVTMRNRULE | 0 | ALN0000036 | Real Estate Contract |
Maintenance Objects
| Maintenance object type | C | Customizing Object |
| Assigned objects | ||||||
|---|---|---|---|---|---|---|
| Customizing Object | Object Type | Transaction Code | Sub-object | Do not Summarize | Skip Subset Dialog Box | Description for multiple selections |
| VC_TIVTMRNRULE | C - View cluster | SM34 |
History
| Last changed by/on | SAP | 20030429 |
| SAP Release Created in | 110 |
